BNY Mellon Ultra Short Income ETF (NYSEARCA:BKUI) Sees Unusually-High Trading Volume – Here’s Why

BNY Mellon Ultra Short Income ETF (NYSEARCA:BKUI) shares saw unusually-high trading volume on Monday . Approximately 149,075 shares were traded during trading, an increase of 51% from the previous session’s volume of 98,771 shares.The stock last traded at $49.76 and had previously closed at $49.75.

BNY Mellon Ultra Short Income ETF Trading Up 0.0%

The firm’s 50 day moving average price is $49.73 and its two-hundred day moving average price is $49.77.

Institutional Investors Weigh In On BNY Mellon Ultra Short Income ETF

Several large investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. acquired a new position in shares of BNY Mellon Ultra Short Income ETF during the second quarter valued at $31,000. Raymond James Financial Inc. bought a new stake in BNY Mellon Ultra Short Income ETF in the 2nd quarter valued at about $138,000. Q3 Asset Management acquired a new position in BNY Mellon Ultra Short Income ETF during the 4th quarter valued at about $205,000. WealthCare Investment Partners LLC bought a new position in BNY Mellon Ultra Short Income ETF in the 4th quarter worth approximately $373,000. Finally, Krilogy Financial LLC acquired a new stake in BNY Mellon Ultra Short Income ETF in the first quarter worth about $397,000.

About BNY Mellon Ultra Short Income ETF

The BNY Mellon Ultra Short Income ETF (BKUI) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively-managed portfolio of investment-grade, USD-denominated fixed income securities with an ultra-short effective duration. The fund aims for high income and low volatility. BKUI was launched on Aug 9, 2021 and is managed by BNY Mellon.